It's either positive or negative and happens overnight due to exchange rates.(except for crypto of course in that case it's just theft)
You can see it in the instrument specification by left clicking the instrument name.
It's either positive or negative
Or negative and negative depending upon your broker and symbol.
For example, as of this posting, FxPros swaps for USDCAD are:
Swap Long: -1.74 Points
Swap Short: -5.13 Points
there is a fine article about swap in wikipedia, if anyone is intrested
Basically the swaps are calculated from this formula
Swap = (Pip Value * Swap Rate * Number of Nights) / 10
But this is only for your reference, usually brokers add premium to this calculations according to the books.
This is exactly what i was thinking and especially when you look at crypto because of course they will not close and reopen the position on the blockchain and so it's in plain sight that there is something wrong with this.
It look more or less like a mechanism of collecting or nibbling away customers capital on a daily basis.
You missed the point from the swaps my friend, why do traders pay the swaps in first place ?
they pay it because traders borrowed the money ( the leverage money) from the broker to trade bigger amounts! If you traded 1:1 ratio and you kept the money in your pocket will not pay any swap.
and this borrowing action has to have a cost, this cost is the swaps... it has nothing to do with nibbling away customers capital.